On 21 September 2021, The Philippines House of Representatives approved in its final reading House Bill No. 7425, an Act Imposing Value-Added Tax on Digital Transactions in The Philippines, which provides for the imposition of VAT on digital non-resident digital service providers. The bill must now be approved by the Senate.
The bill provides that non-resident digital service providers are required to assess, collect, and remit VAT on transactions through their platform if:
- Gross sales or …